David Ricardo
Economist, author of Principles of Political Economy
Born
April 18th, 1772
252 years ago
Died
September 11th, 1823
201 years ago — 51 years old
Category
Thinkers & Philosophers
Country
United Kingdom
Links & References
An influential economist and politician contributed significantly to classical economics. Developed the theory of comparative advantage, which outlines how countries can benefit from trade by specializing in the production of goods in which they have a relative efficiency. His major work, 'Principles of Political Economy and Taxation,' published in 1817, examined the relationship between income distribution, rent, and profit. Engaged in political life as a member of Parliament, advocating for free trade and policy reform.
Authored 'Principles of Political Economy'
Formulated the law of comparative advantage
Contributed to the theory of rent
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